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Pharmacy Stock Devalued |
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Fine words maketh not the man. Once again, Pharmacy as a profession has been ignored by the Government in the UK in their latest drive to cut costs
4½&percent; to be takenThe Government have decreed that as of 1st October 1999, all pharmaceutical manufacturers must reduce the overall prices by 4½&percent;. This is commendable in some ways as it will reduce the NHS drugs bill. However, they have not considered that it will also devalue our stock by the same amount |
Crippled by cashflowSome of the worst payers within the UK are Government bodies. The NHS currently pays Pharmacies THREE months after the stock has been dispensed. As an average pharmacy will dispense about £30,000 per month, this means that the pharmacist has a cashflow problem of £90,000 to find before they can think about paying staff, rates, lighting, training, etc.The reduction in stock by 4½&percent; will not be funded by large pharmaceutical companies, nor by the Government but by the 11,000 pharmacies in the country. Of these, some 7,000 are independently owned by individuals - like Regent Pharmacy. |
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